{
  "url": "https://openlegislation.uk/draft-silicon-valley-bank-uk-limited-compensation-scheme-order-2024/article-2",
  "json_url": "https://openlegislation.uk/draft-silicon-valley-bank-uk-limited-compensation-scheme-order-2024/article-2.json",
  "legislation": "ukdsi/2024/9780348265217",
  "legislation_title": "The Silicon Valley Bank UK Limited Compensation Scheme Order 2024",
  "legislation_url": "https://openlegislation.uk/draft-silicon-valley-bank-uk-limited-compensation-scheme-order-2024",
  "path": "article/2",
  "kind": "article",
  "number": "2",
  "heading": "Determination of amount of compensation",
  "text": "The amount of compensation payable by the Treasury to persons who held shares in Silicon Valley Bank UK Limited immediately before those shares were transferred by the Silicon Valley Bank UK Limited Mandatory Reduction and Share Transfer Instrument 2023 is determined as nil.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "footnote",
      "label": "f1",
      "text": "The Silicon Valley Bank UK Limited Mandatory Reduction and Share Transfer Instrument 2023 was made on 13th March 2023 by the Bank of England in exercise of the powers conferred on it by sections 6B, 11(2), 15, 17, 18, 20, 21, 23, 48L, 48N, 48O, 48Q, 48S and 66 of the Banking Act 2009. The instrument is available on the Bank of England’s website at www.bankofengland.co.uk, and it can also be obtained from HM Treasury, 1 Horse Guards Road, London SW1A 2HQ."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2024/9780348265217/article/2",
    "retrieved_at": "2026-10-30T14:40:17.031218+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}